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Dec 31, 2012
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. >> shifting gears, it has to do little with the fiscal cliff. news about the secretary of state, she in the hospital tonight. can you update us on her condition. >> this is statement from secretary of state spokesperson, hillary clinton is in the hospital after doctors discovered a blood clot stemming from a concussion she sustained several weeks ago. her doctors will continue to assess the situation in the next 48 hours and see if any further action needs to be taken. >> reporter: okay, rich. fox business network here all night. we'll be monitoring potential of a deal and also watching some of the asian markets, hong kong just now beginning to trade. we'll update you at the 10:00 p.m. hour. we want to remind you at 5:00 a.m., sheryl will be here to start the trading day for that. with the opening bell at 9:30 here at new york. if there is a deal we'll have it for you if it happens during our break at the top of the hour but at 5:00 a.m., as well. we'll return to our programming now. hand. it is a time consuming labor which they have to do for h
. >> shifting gears, it has to do little with the fiscal cliff. news about the secretary of state, she in the hospital tonight. can you update us on her condition. >> this is statement from secretary of state spokesperson, hillary clinton is in the hospital after doctors discovered a blood clot stemming from a concussion she sustained several weeks ago. her doctors will continue to assess the situation in the next 48 hours and see if any further action needs to be taken. >>...
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Dec 27, 2012
12/12
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. >> gallup in early december saying 58% of the public thought we'd avert the fiscal cliff. new poll shows it's dipped to 50% thinking that. the public thinks we are headed for a big problem. >> doug: breaking news from treasury secretary geithner it go about the debt ceiling. are we about to go to default? >> yes and no. secretary gite it go says today that we will hit debt ceiling on december 31, new year's eve. it only buys a couple of months. it proves even if we get through the fiscal cliff situation we are headed for a major showdown next year. >> doug: ed henry traveling with the president in honolulu. what happens if we go over the fiscal cliff? molly henneberg explains it means more money of the of your wallet. >> taxes are going up on everyone immediately. if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,0
. >> gallup in early december saying 58% of the public thought we'd avert the fiscal cliff. new poll shows it's dipped to 50% thinking that. the public thinks we are headed for a big problem. >> doug: breaking news from treasury secretary geithner it go about the debt ceiling. are we about to go to default? >> yes and no. secretary gite it go says today that we will hit debt ceiling on december 31, new year's eve. it only buys a couple of months. it proves even if we get...
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Dec 26, 2012
12/12
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. >> gallup in early december saying 58% of the public thought we'd avert the fiscal cliff. new poll shows it's dipped to 50% thinking that. the public thinks we are headed for a big problem. >> doug: breaking news from treasury secretary geithner it go about the debt ceiling. are we about to go to default? >> yes and no. secretary gite it go says today that we will hit debt ceiling on december 31, new year's eve. it only buys a couple of months. it proves even if we get through the fiscal cliff situation we are headed for a major showdown next year. >> doug: ed henry traveling with the president in honolulu. what happens if we go over the fiscal cliff? molly henneberg explains it means more money of the of your wallet. >> taxes are going up on everyone immediately. if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,0
. >> gallup in early december saying 58% of the public thought we'd avert the fiscal cliff. new poll shows it's dipped to 50% thinking that. the public thinks we are headed for a big problem. >> doug: breaking news from treasury secretary geithner it go about the debt ceiling. are we about to go to default? >> yes and no. secretary gite it go says today that we will hit debt ceiling on december 31, new year's eve. it only buys a couple of months. it proves even if we get...
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Dec 27, 2012
12/12
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we learned just a few hours ago that not only is the fiscal cliff deadline on new year's eve, we are going to hit the debt ceiling on the very same day. we are about to go to washington for a live report. now to national weather. deadly storm slamming the midwest and the south now hitting the northeast. this is all coming just as millions of americans are waiting to take flights important the holidays. suburban new york newspaper chooses to publish the names and addresses of thousands of private citizens who have legal gun permits. can the mainstream media still claim not to hate all gun owners after a stunt like this? "the kudlow report" starts right now. let's get the latest on the snag on the fiscal cliff talks and surprise news we are going to reach the debt ceiling in days instead of just a few months. john harwood has the details. what's going on? >> not a whole lot of actions going on. although there have been some developments. let me bring our viewers up to date on those. first of all, treasury secretary geithner this afternoon announced the united states would hit the statu
we learned just a few hours ago that not only is the fiscal cliff deadline on new year's eve, we are going to hit the debt ceiling on the very same day. we are about to go to washington for a live report. now to national weather. deadly storm slamming the midwest and the south now hitting the northeast. this is all coming just as millions of americans are waiting to take flights important the holidays. suburban new york newspaper chooses to publish the names and addresses of thousands of...
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Dec 30, 2012
12/12
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WBAL
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the fiscal cliff, the taed line and what it means. we'll look ahead, we'll look back, our all-star panel on the big news that hasn't happened yet if preview of the big stories and trends for 2013. and then we will hit the highlight reel. my interviews with the most important, influential and interesting people of the past year. the wl journal report begins right now. >> this is america's number one financial news program, the "wall street journal" report. now, maria bartiromo. >> all that ahead, but first, here's fill griffith with the look at the stories making headlines this week. >> thanks, maria. here's what's making news as we are heading into a new week and new year on wall street. congress is working the weekend, attempting to avert some part of that $6 billion in automatic tax increases and the spending cuts that are set to kick in on january 1st. that fiscal cliff and its potential impact on our economy brought lawmakers from both houses to washington for last-minute negotiations. concerns about the cliff spooked investors, t
the fiscal cliff, the taed line and what it means. we'll look ahead, we'll look back, our all-star panel on the big news that hasn't happened yet if preview of the big stories and trends for 2013. and then we will hit the highlight reel. my interviews with the most important, influential and interesting people of the past year. the wl journal report begins right now. >> this is america's number one financial news program, the "wall street journal" report. now, maria bartiromo....
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Dec 28, 2012
12/12
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. >> brown: the final weekend has now arrived before the fiscal cliff hits on new year's day and with it, more than $600 million in tax hikes and spending cuts. in a last bid for a deal, president obama stated his terms face-to-face to top republicans and democrats. >> congressional leaders arrive ted white house this afternoon for their first group meeting with the president since november 16th. vice president biden and treasury secretary timothy geithner also attend. but there was little to suggest the makings of an 11th hour bargain. a source familiar with the meeting told the newshour its president is sticking with his offer from last friday. it included keeping the bush era tax break force the middle class but raising tax rates on incomes over 250,000 dollars a year. president also wants to extend unemployment benefits for some 2 million americans who will lose them in the new year. and a proposal would delay any spending cuts. the president asked for an up or down vote on his plan unless there is a counter proposal that will pass both the house and senate. a little more than an
. >> brown: the final weekend has now arrived before the fiscal cliff hits on new year's day and with it, more than $600 million in tax hikes and spending cuts. in a last bid for a deal, president obama stated his terms face-to-face to top republicans and democrats. >> congressional leaders arrive ted white house this afternoon for their first group meeting with the president since november 16th. vice president biden and treasury secretary timothy geithner also attend. but there was...
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Dec 26, 2012
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many traders have been placing -- playing its recent range as they wait for more news on the fiscal cliff before they make those long term bets. but there were also some pockets of strength that can't be ignored. the ag complex rose sharply in the wake of this summer's drought, the worst that we saw in 50 years. also, lumber, the best performer by far, logging huge gains as the housing market appears to be on the mend. then there were the metals. silver, gold, palladium and copper, aluminum on track for more modest gains this year. interesting to note that 84% of the funds that were invested in physical commodities were invested in gold. what was the most overlooked commodity this year? several traders told me that they thought it was natural gas. they expected it to be a more crowded trade. they also said they will be watching it in 2013. tyler? >> thank you very much. >>> commodities, let's talk more about them. are they worth your money in '13? bill o'neill is managing partner. welcome back, good to see you again. i will take you through some things pretty quickly. favorite commodity t
many traders have been placing -- playing its recent range as they wait for more news on the fiscal cliff before they make those long term bets. but there were also some pockets of strength that can't be ignored. the ag complex rose sharply in the wake of this summer's drought, the worst that we saw in 50 years. also, lumber, the best performer by far, logging huge gains as the housing market appears to be on the mend. then there were the metals. silver, gold, palladium and copper, aluminum on...
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Dec 31, 2012
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and that looming fiscal cliff. so what impact does it have on your money? alison deans is with us, senior adviser at varick asset management. nice to see you. happy new year. do you have two plans for 2012, one that includes the fiscal cliff and one that doesn't? how do you prepare for the new year as an investor? >> pretty much. i mean, the outcome, if there is some type of healthy resolution to the fiscal cliff, even if they defer it for a week or two but come up with some healthy resolution, i think it bodes really well for global markets. if we wind up going into fiscal cliff and the world loses any faith in our government to accomplish anything that's helpful or relevant, i think that could impact the markets and it could impact the economy. >> there has to be a long-term impact, though. i mean, let's face it. any deal that they can come up with is an austerity deal. it will involve some form of tax increases, you would think, and some kind of spending cuts on the wealthy. that slows things down. it's not a gr
and that looming fiscal cliff. so what impact does it have on your money? alison deans is with us, senior adviser at varick asset management. nice to see you. happy new year. do you have two plans for 2012, one that includes the fiscal cliff and one that doesn't? how do you prepare for the new year as an investor? >> pretty much. i mean, the outcome, if there is some type of healthy resolution to the fiscal cliff, even if they defer it for a week or two but come up with some healthy...
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Dec 26, 2012
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now, regardless of what happens with the "fiscal cliff," new taxes to help pay for the affordable healthcare act will take effect january 1. but the average american will not really see a difference in his bill to the irs. the wealthiest 2% of americans and the healthcare industry will pick up the majority of the tab. back to you. >> thank you. >>> now, ladies and gentlemen, time for the big story of the day. that is as per usual the weather and now the hardest working woman in showbiz. >> i have been working a lot lately. i know. yeah. the holidays, busy time. and if you are out and about traveling you know the rain has been a big issu the last few days. we'll get some brief dry breaks but we have heavier cells moving through. look over san francisco. everywhere you see that orange and yellow that's the heavier rain moving through actually through hayward right now if you are traveling the nimitz anytime in the near future. dublin-pleasanton socked in with rain. so the main cold front has already moved through. this is just unstable air behind it. cool and breezy throughout the afternoon fi
now, regardless of what happens with the "fiscal cliff," new taxes to help pay for the affordable healthcare act will take effect january 1. but the average american will not really see a difference in his bill to the irs. the wealthiest 2% of americans and the healthcare industry will pick up the majority of the tab. back to you. >> thank you. >>> now, ladies and gentlemen, time for the big story of the day. that is as per usual the weather and now the hardest working...
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Dec 28, 2012
12/12
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. >> brown: the final weekend has now arrived before the fiscal cliff hits on new year's day and with it, more than $600 million in tax hikes and spending cuts. in a last bid for a deal, president obama stated his terms face-to-face to top republicans and democrats. >> congressional leaders arrive ted white house this afternoon for their first group meeting with the president since november 16th. vice president biden and treasury secretary timothy geithner also attend. but there was little to suggest the makings of an 11th hour bargain. a source familiar with the meeting told the newshour its president is sticking with his offer from last friday. it included keeping the bush era tax break force the middle class but raising tax rates on incomes over 250,000 dollars a year. president also wants to extend unemployment benefits for some 2 million americans who will lose them in the new year. and a proposal would delay any spending cuts. the president asked for an up or down vote on his plan unless there is a counter proposal that will pass both the house and senate. a little more than an
. >> brown: the final weekend has now arrived before the fiscal cliff hits on new year's day and with it, more than $600 million in tax hikes and spending cuts. in a last bid for a deal, president obama stated his terms face-to-face to top republicans and democrats. >> congressional leaders arrive ted white house this afternoon for their first group meeting with the president since november 16th. vice president biden and treasury secretary timothy geithner also attend. but there was...
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Dec 28, 2012
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. >>> the big news tonight, still the developments in washington on the fiscal cliff, eamon javers joins us with the details. >> good evening, meshel. capitol hill sources tell cnbc that congressional leaders are planning to go to the white house tomorrow to meet with president barack obama and it is not entirely clear at this point when that meeting will take place and details are still being hammered out and we saw today a blistering series of rhetorical jabs from one side to the other and it's not clear as a result of all that whether a deal can, in fact, get hammered out in the remaining time before new year's eve and take a listen to senate republican leader mitch mcconnell earlier today explaining the problems he's facing in washington. take a listen. >> the truth is we're coming up against a hard deadline here and as i said, this is a conversation we should have had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> we do know that the house of representatives has bee
. >>> the big news tonight, still the developments in washington on the fiscal cliff, eamon javers joins us with the details. >> good evening, meshel. capitol hill sources tell cnbc that congressional leaders are planning to go to the white house tomorrow to meet with president barack obama and it is not entirely clear at this point when that meeting will take place and details are still being hammered out and we saw today a blistering series of rhetorical jabs from one side to...
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year to avoid some of the tax parts of the fiscal cliff. it would keep tax cuts for the making $250,000 a year or less, extending unemployment benefit and with the clock ticking delay dramatic spending cuts until next year. >> i asked leaders of congress to work toward the package to prevent tax hike on middle class americans protects unemployment surance for 2 million americans. lays the groundwork for work on growth and deficit reduction. that is an achievable goal. >> today's meeting is the first with the president since november 16. sign for republicans that mr. obama has not really been pushing that hard for a deal. >> we need presidential leadership on in the just taxing rich people. >> three words the president did not use. he did not use the word sequester and he didn't say "debt ceiling" either. he focused most of his remarx on preventing taxes from going up. there are also massive spending cuts coming. no idea how they will avert that. he also did not mention the debt ceiling. earlier they wanted lifting the debt ceiling included.
year to avoid some of the tax parts of the fiscal cliff. it would keep tax cuts for the making $250,000 a year or less, extending unemployment benefit and with the clock ticking delay dramatic spending cuts until next year. >> i asked leaders of congress to work toward the package to prevent tax hike on middle class americans protects unemployment surance for 2 million americans. lays the groundwork for work on growth and deficit reduction. that is an achievable goal. >> today's...
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Dec 27, 2012
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senators will be busy working on a plan to avoid the "fiscal cliff" today. but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon, a new poll finds the gop gets the biggest share of the blame for the stalemate. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is getting itchy for an agreement. its employees are writing "come together" on coffee cups to encourage compromise. >>> hawaii's democratic governor will replace daniel inoue to represent the state of hawaii in washington, d.c. inouye died of respiratory complications last week. on the day he died, the late senator wrote to the governor asking for representative colleen hanabusa to replay him. she made it to the final round of considerations but didn't win that nomination. >>> former president george h.w. bush is in intensive care at a houston hospital with a fever and lingering cough. mr. bush was admitted to the hospital more than a month ago with bronchiti
senators will be busy working on a plan to avoid the "fiscal cliff" today. but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon, a new poll finds the gop gets the biggest share of the blame for the stalemate. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is getting itchy for an agreement. its employees are writing "come...
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year's day fiscal cliff deadline. darren gersh has the latest. >> reporter: after a weekend of late-night negotiations with the vice president, senate republican leader mitch mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the top tax rate for individuals making more than $400,000 and couples with more than $450,000 in income. itemized deductions would be limited for individuals making more than $250,000 and couples making more than $300,000. the estate tax would rise to 40%. emergency unemployment benefits would be extended for another year. the alternative minimum tax would be adjusted for inflation permanently. and, in an effort to boost the economy, small businesses would be eligible for another year of bonus depreciation when they buy equipment. the big hang up is what to do about the
year's day fiscal cliff deadline. darren gersh has the latest. >> reporter: after a weekend of late-night negotiations with the vice president, senate republican leader mitch mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the top tax rate for...
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Dec 27, 2012
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all eyes on the fiscal cliff talks in washington. on the radar, deadly storms trigger travel chaos. good news about nelson mandela's health and a very, very expensive day for toyota. first the storm system that claimed at least lives. overnight it pushed from indiana to maine. some areas got heavy snow and it's expected through the northeast today. it triggered a portfolio christmas travel nightmare. 2,000 flights have been canceled and 10,000 have been delayed. spending a lot of time with in-laws because of the weather. south african president nelson mandela is out of the hospital. the 94-year-old will receive home-based care. he is recovering from a lung infection and a procedure to remove gall stones. toyota agreed to a $1.1 billion class action settlement over complaints that cars accelerated without warning. owners of 16 million toyota, lexus and sion vehicles will be eligible depending on the make and the model. what a story that was years ago. with gridlock in capitol hill synonymous, there lessons to be learned from dwight eisenhower's success in working by the opposing part
all eyes on the fiscal cliff talks in washington. on the radar, deadly storms trigger travel chaos. good news about nelson mandela's health and a very, very expensive day for toyota. first the storm system that claimed at least lives. overnight it pushed from indiana to maine. some areas got heavy snow and it's expected through the northeast today. it triggered a portfolio christmas travel nightmare. 2,000 flights have been canceled and 10,000 have been delayed. spending a lot of time with...
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Dec 28, 2012
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cliff dive in the new year. you guessed it. another day without a deal means more losses on wall street. look at those numbers will. 68 down for the dow. joining for the daily fix, nbc white house correspondent peter alexander. nbc's kelly o'donnell live on capitol hill. and jonathan capeheart. peter, let me start with you. there's this meeting at 3:00 p.m. at the white house between the president and congress allege leaders. any optimism there? there's some -- little bit of a trickle of maybe some sort of compromise deal with rates starting at 400,000 instead of 2 r50. how is the white house feeling about this meting coming up at 3:00? is this more important show? >> at the white house at least from the conversations we have had with aides and other members of the staff, it is pretty clear they recognize that this is a big deal. they also recognize that they think the ground rules remain the same. reporters like myself back to exactly what the president said a week ago was the fact that he wanted to extend the
cliff dive in the new year. you guessed it. another day without a deal means more losses on wall street. look at those numbers will. 68 down for the dow. joining for the daily fix, nbc white house correspondent peter alexander. nbc's kelly o'donnell live on capitol hill. and jonathan capeheart. peter, let me start with you. there's this meeting at 3:00 p.m. at the white house between the president and congress allege leaders. any optimism there? there's some -- little bit of a trickle of maybe...
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Dec 31, 2012
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year's day fiscal cliff deadline. darren gersh has the latest. >> reporter: after a weekend of late-night negotiations with the vice presidt, senate republican leader mitch mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the top tax rate for individuals making more than $400,000 and couples with more than $450,000 in income. itemized deductions would be limited for individuals making more than $250,000 and couples making more than $300,000. the estate tax would rise to 40%. emergency unemployment benefits would be extended for another year. the alternative minimum tax would be adjusted for inflation permanently. and, in an effort to boost the economy, small businesses would be eligible for another year of bonus depreciation when they buy equipment. the big hang up is what to do about the s
year's day fiscal cliff deadline. darren gersh has the latest. >> reporter: after a weekend of late-night negotiations with the vice presidt, senate republican leader mitch mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the top tax rate for...
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Dec 26, 2012
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stacy, here we are day in and day out on the financial news talking about the fiscal cliff, economists talk about the fiscal cliff and politicians talk about the fiscal cliff. we're wondering whether mom and pops at home talk about the fiscal cliff. is a lack of a budget deal actually spooking shoppers out on main street? >> it is. walmart told us 75% of their customers have cite that had they are worried about the fiscal cliff. mandy, you and i were on last week talking about the luxury retailers and we called out saks saying business pre-holiday was particularly weak. what are the people in the stores telling me all week, saying that this is the worst pre-christmas they had seen in over a decade, and part of that was because their consumers are worried about the fiscal cliff, so note to the government. it does matter. >> yeah, but that's, as you say, part of it. laura, what else is going on? it just felt like we were going into a lackluster season here. what happened? >> i mean, there's been some discussion about weather trends as well, but whether or not we go over the fiscal cliff,
stacy, here we are day in and day out on the financial news talking about the fiscal cliff, economists talk about the fiscal cliff and politicians talk about the fiscal cliff. we're wondering whether mom and pops at home talk about the fiscal cliff. is a lack of a budget deal actually spooking shoppers out on main street? >> it is. walmart told us 75% of their customers have cite that had they are worried about the fiscal cliff. mandy, you and i were on last week talking about the luxury...
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there's sa garcia, cbs news, los angeles, teresa garcia. >>> the "fiscal cliff" fight comes to coffee shops. how starbucks hopes to grind that debate to a halt. >> a christmas gift exposing an embarrassing mistake. the taboo discovery on a tablet computer. ,,,,,,,,,,,,,, up space? san francisco's annual "treecycling" program starts next week. >>> getting tired of your christmas tree dropping pine needles and taking up space? san francisco's annual treecycling program starts next week as do many others in the bay area. but the city and the trash company recology dragged out the chipper to show us what it does. they say all those little chips will be converted into alternative energy fuel. >> we want the tree kept separate on the curb with the regular carts. we want the trees be free of ornaments, tinsel or lights. >> last year, more than 500 tons of christmas trees collected in san francisco. the program's 26th year, starting january 2 to the 15th. >>> today is the first day of kwanzaa. there was a free concert to kick off the holiday. the tradition dates back to the '60s to honor fami
there's sa garcia, cbs news, los angeles, teresa garcia. >>> the "fiscal cliff" fight comes to coffee shops. how starbucks hopes to grind that debate to a halt. >> a christmas gift exposing an embarrassing mistake. the taboo discovery on a tablet computer. ,,,,,,,,,,,,,, up space? san francisco's annual "treecycling" program starts next week. >>> getting tired of your christmas tree dropping pine needles and taking up space? san francisco's annual...
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Dec 28, 2012
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in the newsroom, 7 news. >>> hang on to your hat. not just the fiscal cliff. could also be the dairy cliff beginning next year you could be paying as much as 7 dollars for gallon of milk if congress does not step in. price of milk could double if congress doesn't provide a fix for expiring dairy price supports beginning or before january 1s 1st. >>> roller coaster day on wall scrutiny as market reacted to news on fiscal cliff pending. dow down 150 points in early trading but rallied to close with just 18 point loss. index closed today at 13096. fourth straightlessing day for the dow by the way. >> now to some incredible video from china. shows a 33 ton shark tank exploding at shanghai shopping mall. people look at the tank when the glass shattered suddenly and huge wave of world trade center comes over the onlookers. 15 people were injured. none critically. 3 lemon shark and dozens of smaller fish all died unfortunately. now shanghai officials say cold temperatures and showedy material made the acrylic sheet so brittle it just gave way. >>> well just ahead ton
in the newsroom, 7 news. >>> hang on to your hat. not just the fiscal cliff. could also be the dairy cliff beginning next year you could be paying as much as 7 dollars for gallon of milk if congress does not step in. price of milk could double if congress doesn't provide a fix for expiring dairy price supports beginning or before january 1s 1st. >>> roller coaster day on wall scrutiny as market reacted to news on fiscal cliff pending. dow down 150 points in early trading but...
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Dec 26, 2012
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the market is telling us the news out of the middle east and the news on the fiscal cliff is a pretty big deal. now it's decision time. is it big enough to take it above 91.25 and settle there? if it can't do that, it will be considered a failure. i want to be short oil and i think 8620 would be the downside. >> on the up side we're watching 9125. now you know what our guys are doing. are you buying or selling crude surge today? head to futures now.cnbc.com and vote in our poll. don't forget to check out our next online show that will be tomorrow at 1:00 p.m. scott being barks to you. >>> we'll see you tomorrow at 1:00. right now when "halftime" comes back. we target stocks in the tech world. find out who has what it takes to become number one. >>> first, christmas nightmare. netflix sees outages over the holiday. the bad timing that's putting the stock in our top three trade. "halftime" is coming back right after this. >>> we're halfway through the trading day. still ahead on the half time report, a round of hold 'em or fold 'em. stick around for our final trade, the "halftime report
the market is telling us the news out of the middle east and the news on the fiscal cliff is a pretty big deal. now it's decision time. is it big enough to take it above 91.25 and settle there? if it can't do that, it will be considered a failure. i want to be short oil and i think 8620 would be the downside. >> on the up side we're watching 9125. now you know what our guys are doing. are you buying or selling crude surge today? head to futures now.cnbc.com and vote in our poll. don't...
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Dec 28, 2012
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fans. >> also ahead, forget the fiscal cliff for now. congress is facing another big deadline that could impact what you could pay on something that is in just about everyone's refrigerator. we'll have more on what is called the milk cliff. have a good night. herere you go. you, too. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. >>> traffic is back to normal on the springfield interchange as virginia police continue to investigate a deadly accident that happened there. that accident did happen around 7:00 last night when a tractor- trailer stopped in traffic. it was rear ended by a pickup truck. three peopl
fans. >> also ahead, forget the fiscal cliff for now. congress is facing another big deadline that could impact what you could pay on something that is in just about everyone's refrigerator. we'll have more on what is called the milk cliff. have a good night. herere you go. you, too. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours....
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Dec 28, 2012
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goes over the fiscal cliff. again, we're waiting for any news coming out of the 3:00 p.m. news. >> send it over to bertha coombs. what have you got on your 3450i7bd? >> as mary said, a lot of people are sitting on the sidelines in terms of any movement in congress over the weekend. but we did get that delayed weekly inventory report, and that was fairly bearish for the most part. much smaller than expected draw down in crude. bills across the product. in crude the thing that people watch is what happens to the nymex in curbing, oklahoma. there we saw a 2 million barrel increase in terms of stockpiles. we're now at a record 49 million barrel stockpile. that really just underscores what we've seen all year and why we've seen nymex crude underperform, brent, which is now considered really the global benchmark because we keep having strong production coming out of north dakota but no real way to get that production out of the hub in cushing, oklahoma, down to the refiners on the gulf coast. very little trickling down. a lot of it going by rail these days. we'll continue to see
goes over the fiscal cliff. again, we're waiting for any news coming out of the 3:00 p.m. news. >> send it over to bertha coombs. what have you got on your 3450i7bd? >> as mary said, a lot of people are sitting on the sidelines in terms of any movement in congress over the weekend. but we did get that delayed weekly inventory report, and that was fairly bearish for the most part. much smaller than expected draw down in crude. bills across the product. in crude the thing that people...
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fiscal cliff resolution. that does not appear to be the case, and as a result the selloff has intensified, but now we're starting to come back a little bit here. a few people starting to pick up a few bargains. >> down 165 points at one point. part of the problem here is earlier on in the session we saw stocks rebounding from their really early on losses on the unconfirmed reports that president obama was going to come to the table, and he was going to offer a new plan to republicans, but now as we're getting this report from eamon javers, that's not the case and the giveback is going on in the market. the market, the s&p is down now for the fifth straight day. five days in a row. this is something we've not seen in about three months time. >> having walked the floor of the exchange, the question you always get and the comments. it's all about the fiscal cliff, and all the traders on the floor today have been waiting for this meeting at 3:00, waiting to see if we'd get some developments, and as we said it doe
fiscal cliff resolution. that does not appear to be the case, and as a result the selloff has intensified, but now we're starting to come back a little bit here. a few people starting to pick up a few bargains. >> down 165 points at one point. part of the problem here is earlier on in the session we saw stocks rebounding from their really early on losses on the unconfirmed reports that president obama was going to come to the table, and he was going to offer a new plan to republicans, but...
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many levels and the fiscal cliff which some call a product of u.s. lawmakers imagination could become a self-fulfilling prophecy and while congress has trouble sorting out a deal to prevent americans are slipping into a tax black hole some agreements just seem to breeze through china growth from want to wait news experience. welcome the united states of america this is where we govern by crisis we don't have representatives in washington d.c. we have political prostitutes that will go before a camera and say that anything that they have to say is to keep this massive government rolling and you can make special interest influences in washington d.c. for that when the cameras are on you know if they're on the red team they're going out there saying it's the welfare folks as well it's a people on food stamps or the people on extended unemployment benefits if they're on the blue team they're coming out and trying to get their base fired up that it's all about their corporate interests and this is why we can't come up with you but is an enemy when the cam
many levels and the fiscal cliff which some call a product of u.s. lawmakers imagination could become a self-fulfilling prophecy and while congress has trouble sorting out a deal to prevent americans are slipping into a tax black hole some agreements just seem to breeze through china growth from want to wait news experience. welcome the united states of america this is where we govern by crisis we don't have representatives in washington d.c. we have political prostitutes that will go before a...
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Dec 30, 2012
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we're hearing a new sense of optimism from some senate members who believe they might be able to pass some kind of minimalist package that would keep tax rates from going up on the majority of americans. i want to go to capitol hill and cnn's senior congressional correspondent dana bash. dana, is that the sense you get that somehow we should be optimistic about whatever it is that's going on? >> you know, as we talked about before, you definitely get a feeling or the atmosphere here is that there is progress being made but in the same breath, but, there are still thingsing to worked out. as we wait for what we generally see when the senate opens which is the pledge of allegiance, a prayer and so forth, if you see the bottom of your screen, i'm not sure if you can see it, white hair, that is harry reid, the senate majority leader. it may be we will hear an update from him. maug maybe we should listen to th the. >> prayer. >> let us feel your presence today on capitol hill, as we gather with so much work left undone, guide our lawmakers with your wisdom. lord, show them the right thing
we're hearing a new sense of optimism from some senate members who believe they might be able to pass some kind of minimalist package that would keep tax rates from going up on the majority of americans. i want to go to capitol hill and cnn's senior congressional correspondent dana bash. dana, is that the sense you get that somehow we should be optimistic about whatever it is that's going on? >> you know, as we talked about before, you definitely get a feeling or the atmosphere here is...
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Dec 27, 2012
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basically blaming the republicans for no deal on the fiscal cliff. a news alert for you now. a new number from apple today showing exactly what tim cook made this year. he brought in $4.17 million that includes his base pay and incentives and that is down 99% from the $370 million team made last year. apple chief didn't get any stock awards this year, apple languishing above $500 a share. please check out this video, a real life iron man, and exoskeleton that gives that person, paralyzed people the ability to walk. a lot is banked on military research. dr. mark siegel is here with the story. i want to see if i have got this right. >> you always have it right. stuart: an exoskeleton is essentially a robot. a paralyzed person wears this robot, there's a backpack of some sort. >> not exactly. this is a big game change iran's big business. these things are running between one hundred and 1 forty thousand dollars. there are 30 run the country, 30 centers run the country and within a year or two they are going to be in the home and that is going to be huge. they allow a paralyzed p
basically blaming the republicans for no deal on the fiscal cliff. a news alert for you now. a new number from apple today showing exactly what tim cook made this year. he brought in $4.17 million that includes his base pay and incentives and that is down 99% from the $370 million team made last year. apple chief didn't get any stock awards this year, apple languishing above $500 a share. please check out this video, a real life iron man, and exoskeleton that gives that person, paralyzed people...
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Dec 31, 2012
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we are of the fiscal cliff. tonight we will all begin the larger set of tax increases in american history. that is new year's to you from our elected officials. did i also mentioned you are getting a pay raise in the new year as well. all this could have been avoided if congress got its act together, but the doomsday option hit and the president set in motion. there is a chance of some sort of deal, but we have to wait until the new year. let's go directly to washington senior washington correspondent, peter barnes, with details of negotiations. >> reporter: still some pieces being negotiated tonight, particularly on the sequestration, those automatic spending cuts that are supposed to take effect on january 2nd. about $100 billion. about half of that on the past -- defense department. still trying to work through the details of some democratic and republican side. it's unclear if there will actually get to a vote in the senate on that tonight, but they could if they work something out. otherwise we have the fra
we are of the fiscal cliff. tonight we will all begin the larger set of tax increases in american history. that is new year's to you from our elected officials. did i also mentioned you are getting a pay raise in the new year as well. all this could have been avoided if congress got its act together, but the doomsday option hit and the president set in motion. there is a chance of some sort of deal, but we have to wait until the new year. let's go directly to washington senior washington...
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by the way, that is why we are facing this new fiscal cliff. it is infuriating to business owners. i have been talking to a lot of them last couple of weeks. this is banana republic type of politics. no one knows what it will look like. it makes it impossible for businesses to do planning, purchasing equipment, hiring workers. you are seeing the impact on the stock market already where we have a lousy 10 days with stocks because everybody is in this kind of state of fear and trepidation that we are going to go over this cliff. i will give you a sliver of good news, i talked to some of my sources in the republican leadership and they say that the president sounded a little bit more conciliatory in this last phone call that they had. and they still hold out hope that we might get a deal before the stroke of midnight. and the ball comes down in new york. gregg: you are talking about huge amounts of tax increases. you know, some people, i have e-mails -- i was loaded with e-mails yesterday from folks. firefighters and teachers, i'm going to see 15,000, $20,000 of my hard earned money.
by the way, that is why we are facing this new fiscal cliff. it is infuriating to business owners. i have been talking to a lot of them last couple of weeks. this is banana republic type of politics. no one knows what it will look like. it makes it impossible for businesses to do planning, purchasing equipment, hiring workers. you are seeing the impact on the stock market already where we have a lousy 10 days with stocks because everybody is in this kind of state of fear and trepidation that we...
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a fiscal cliff deal is a new way calculating inflation that would lower social security payments. democrats say they would do it as part of much bigger deal but it was off the table for the smaller deal they are working on. so democrats called it a poison pill. >> at some point, negotiating process, it appears there are things that stopped us from moving forward. i hope we're not there, but we're getting real close. that is why i still hold out hope we can get something done, but i'm not overly optimistic but i'm cautiously optimistic. >> chuck schumer from new york continues to say the things, meaning a deal, always happens at the end. >> gregg: we'll probably hear about the change of cpi which is basically a new way of calculating an index the cost of living and slowing down the growth of sbph like social security. we'll probably hear about. mike, thanks very much. >> arthel: we're going to the white house where president obama is holding firm to his demand and blaming republicans for the failure to reach a deal. the president also appearing on a political talk show this morning
a fiscal cliff deal is a new way calculating inflation that would lower social security payments. democrats say they would do it as part of much bigger deal but it was off the table for the smaller deal they are working on. so democrats called it a poison pill. >> at some point, negotiating process, it appears there are things that stopped us from moving forward. i hope we're not there, but we're getting real close. that is why i still hold out hope we can get something done, but i'm not...
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hit the fiscal cliff. what does that say? it is the most predicted financial crisis that we have ever known about. we've known about it for months. we've known about it since the temporary tax provisions were put in place two years ago. yet, here we are, the 11th hour on the final day trying to negotiate with two people in a room. making decisions that will have a profound impact on the future of this country. and i have to say, mr. president, that as i think about those negotiations that are going on, most of what is being talked about is who will pay more in taxes, not a question of "if." it's a like, who's going to pay more in taxes? the ironic thing about it is those discussions, at least to my knowledge of them, there's very little being discussed, if anything, that deals with how is this country going to figure out a way to spend less, which is the problem, okay? i mean, let's face it. washington, d.c., doesn't have a taxing problem. we have a spending problem. now, republicans have said -- and we ar
hit the fiscal cliff. what does that say? it is the most predicted financial crisis that we have ever known about. we've known about it for months. we've known about it since the temporary tax provisions were put in place two years ago. yet, here we are, the 11th hour on the final day trying to negotiate with two people in a room. making decisions that will have a profound impact on the future of this country. and i have to say, mr. president, that as i think about those negotiations that are...
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guest: in the new year, i think they come to some resolution of the fiscal cliff. we are looking forward to another year like we had. 2% growth are a little less. the prospects this quarter were impaired by the cliff, and we expect that to go forward into the next quarter. host: the president coming into town tonight, and the congress tomorrow. realistically, what do you think will happen? guest: i do not think a lot will happen and i think we will go over the cliff. i am an economist, not a politician. i do not believe that the republicans will give the president merely a tax increase on people over $250,000. there are not able to push that through the house with some spending cuts. that does not seem to make much sense. host: peter will be here for 40 minutes taking your calls and tweets about the u.s. economy. we continue to take a look at economic matters. our guest recently wrote about the debt limit. the headline in "the boston globe" -- do you agree with that sentiment? guest: i would hope it would not threaten the economy again. it is all bound up in this i
guest: in the new year, i think they come to some resolution of the fiscal cliff. we are looking forward to another year like we had. 2% growth are a little less. the prospects this quarter were impaired by the cliff, and we expect that to go forward into the next quarter. host: the president coming into town tonight, and the congress tomorrow. realistically, what do you think will happen? guest: i do not think a lot will happen and i think we will go over the cliff. i am an economist, not a...
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they're trying to figure out how to avert the so-called fiscal cliff. not a lot of hope of a deal at this point but some argue because the reason is because neither side has an incentive for a deal. do you buy that theory? it's our "news nation" gut check today. you can join us. we are on facebook. there's the address. [ woman ] ring. ring. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. >>> there's a lot going on this last friday of 2012. here's some of the things we thought you should know. tributes continue to come in for general norman schwarzkopf and nick nated stormin' norman for that legendary temper. he died yesterday in tampa of complications of pneumonia. he's credited for the plan that drove saddam hussein's forces out of kuwait during the first gulf war. president obama said in part, quote, we have lost an american original. general schwarzkopf stood fall for the co
they're trying to figure out how to avert the so-called fiscal cliff. not a lot of hope of a deal at this point but some argue because the reason is because neither side has an incentive for a deal. do you buy that theory? it's our "news nation" gut check today. you can join us. we are on facebook. there's the address. [ woman ] ring. ring. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100...
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Dec 27, 2012
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let's talk about fiscal cliff guys and concern about the consumer apparently hasn't spooked investors on the idea, hey, some people still may travel, maybe even to great cities like belmor, long island or chicago or new jersey where the "fast money" team resides. >> sully, thank you. >>> when you have airline stocks hitting new highs, ex-speed 82 is doing well expedia. who is a buyer of expedia? >> what's interesting about those stocks, they don't necessarily require a massive uptick in overall travel but consumer looking for ways to save money. that's essentially what they are, money saving toolings if you have to travel. >> no buyers of priceline at this table? >>> think you will see priceline do well in 2013 because of potential recession fears. booking.com, one of the biggest priorities with the european countries and think it will continue. >> i would stay with expedia and trip adviser also. both of those lines have paulle money out of priceline. >> i'm in trip. >>> straight ahead, four struggling retailers on a make or break year. delta had a ticket to for 2012 and we debate whe
let's talk about fiscal cliff guys and concern about the consumer apparently hasn't spooked investors on the idea, hey, some people still may travel, maybe even to great cities like belmor, long island or chicago or new jersey where the "fast money" team resides. >> sully, thank you. >>> when you have airline stocks hitting new highs, ex-speed 82 is doing well expedia. who is a buyer of expedia? >> what's interesting about those stocks, they don't necessarily...
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happy new year. >> you bet. >> that's all the time we have left for the special fiscal cliff edition of hannity. thanks for being with us. let not your heart be troubled because the news continues and greta is standing by to go live on the record. greta, take it away. >> this news alert. an emergency meeting tomorrow at the white house. president barack obama, speaker of the house john boehner, house minority leader nancy pelosi, harry reid and mitch mcconnell. can they make a deal or can they do their jobs or is this just more political drama? >> we want an agreement. >> the count down is midnight. the start of a new year. >> we are going over the cliff because frankly i believe it's what the president wants. >> the american people are waiting for the ball to drop, but it's not going to be a good drop. >> but we have no takers. >> every republican, every democrat ought to be here. >> the phone never raining. >> they should negotiate a plan. they shouldn't have the mine are in plan, they should have the biglan. >> here we are five days from the new year, and we might finally start ta
happy new year. >> you bet. >> that's all the time we have left for the special fiscal cliff edition of hannity. thanks for being with us. let not your heart be troubled because the news continues and greta is standing by to go live on the record. greta, take it away. >> this news alert. an emergency meeting tomorrow at the white house. president barack obama, speaker of the house john boehner, house minority leader nancy pelosi, harry reid and mitch mcconnell. can they make a...
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. >> most people have heard about the fiscal cliff. for a lot of people, the so- called dairy cliff is new. the price of a gallon of milk could go up to about $8 a gallon. shoppers are taking a detail around the dairy aisle. prices could double if congress does not pass the farm bill by the end of the year. >> the old subsidy was based on the 1949 production process of milk production. >> according to a university expert, if lawmakers do not come to an agreement, washington will be forced to pay farmers based on very dated calculations. >> it would translate to about $8 per gallon some time after january 1. >> as lawmakers aha new york russell with the fiscal of, some shoppers are already suffering on milk. >> we have a son, and he likes it. i am not going to continue buying it. >> customers who could start gravitating toward moment milk could pose -- toward almond and soy milk could cause problems for the dairy industry. >> people might find subsidies to milk. >> it affects other items, like cheese and ice cream. >> it is big in my ho
. >> most people have heard about the fiscal cliff. for a lot of people, the so- called dairy cliff is new. the price of a gallon of milk could go up to about $8 a gallon. shoppers are taking a detail around the dairy aisle. prices could double if congress does not pass the farm bill by the end of the year. >> the old subsidy was based on the 1949 production process of milk production. >> according to a university expert, if lawmakers do not come to an agreement, washington...
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Dec 25, 2012
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it may not be a pleasant new year to avoid the fiscal cliff. some of the implications that could affect your wallet. those stories and >> i believe you said you are keeping your eye on a snowy vent your yid -- snow event. >> tomorrow, i think, we might have a little bit of slipping and sliding in the morning. there could be some freezing rain. this will be mostly a rain each event on wednesday. the storm is on saturday. that might be cold enough for snow. that will be the day. new year's eve looks good. >> we will be watching. merry christmas, everyone. the nightly news is next. the nightly news is next.
it may not be a pleasant new year to avoid the fiscal cliff. some of the implications that could affect your wallet. those stories and >> i believe you said you are keeping your eye on a snowy vent your yid -- snow event. >> tomorrow, i think, we might have a little bit of slipping and sliding in the morning. there could be some freezing rain. this will be mostly a rain each event on wednesday. the storm is on saturday. that might be cold enough for snow. that will be the day. new...
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Dec 27, 2012
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>>> we will start off with news about the fiscal cliff. congress returning to capitol hill today to try to get a deal done on the cliff before the deadline on december 31st. senate majority leader harry reid is working to see if the scaled backpackage the president laid out last week can get through congress before monday. meantime, treasury secretary timothy geithner says the government will hit the debt ceiling on monday and he is launching an emergency plan to avert a crisis. amm eamon javers is live. what do we know? >> the president is coming back early, a couple days earlier than his vacation. did a little bit of jogging, working out in the gym over his vacation. now he will be,ing would out on this fiscal cliff. the senate is coming back and the house of representatives is going to have a conference call for all republicans later on today and then yesterday, we saw the secretary of the treasury, tim geithner, announced the $16.4 trillion debt limit is going to be reached by monday, that was a little bit surprising to people who have
>>> we will start off with news about the fiscal cliff. congress returning to capitol hill today to try to get a deal done on the cliff before the deadline on december 31st. senate majority leader harry reid is working to see if the scaled backpackage the president laid out last week can get through congress before monday. meantime, treasury secretary timothy geithner says the government will hit the debt ceiling on monday and he is launching an emergency plan to avert a crisis. amm...